Loan to expand my hairdressing business
Baah
Dormaa Ahenkro_ghana, Ghana
100% repaid
Entrepreneur
Name
Baah
Member since
June 2016
On-time repayments
77 installments • 96%
About Me
I was born in a small town called Aboabo near Dormaa Ahenkro.I completed Junior high school but could not continue because the family at the time had no money to sponsor.Mum was a petty trader who hard a small backyard garden to support feeding of the family. Dad intended to farm but farming as we know is capital intensive. Even though he started, the size of the cocoa farm he could work on and as compared to the total number of us in the farmily could not take care of us properly. Two of the sisters were fortunate to have gone through Senior High School because by then things were a little bit better off because the cocoa had started producing something. After Junior High School,I decided to go into apprenticeship so I learnt hair do. God willing I was able to establish myself with a double store,one for the hairdressing and the other for cosmetics out of the savings I made when I started my job. Dormaa Ahenkro is business centre for which the main source of livelihood of the populace is based on poultry, that is rearing of chicken to produce eggs to sell on a large scale that makes the Municipality unique. I have two children, the senior boy has just entered Senior High School. The girl is just two years of age and attending nursery school. It is my dream to have all of them go through formal education up to the level they desire so that they will be useful to the society at large. I personally love to read as a hobby, I love watching movies a lot.
My Business
I have been into the hairdressing for about nine years now. I sell cosmetics and in the other part of my store whilst I do the hair dressing in the other where I have decorated nicely to welcome customers and to dress their hair for them. Dormaa Ahenkro is a Municipal which is dominated with a lot of government employees and poultry farmers. Business is most encouraging when one has a reasonable capital. I chose to go into hairdressing because I could not continue my education the level I wanted it and that was the most lucrative business in town. I entered into this business with few of the Ghana CEDI's and l make daily sales of about GHS80 to GHS100 a day both from the sale of items from the cosmetics store and from the hairdressing. I use part of the profits I rsise to pay school fees and some to keep the business running. The remaining which is the excess is used to feed the family.
Loan Proposal
I will buy twenty human hair$36, one extra hair dryer, $56, Tonging maching, $39, hair rollers, $35, three boxes of hair creams, $32, thirty pieces of artificial finger nails , $34.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$412.00
Date disbursed
Jan 6, 2017
Repayment status
On Time
Projected term
12 months
Other loans
Lenders
Jeruslem, Israel
Munich, Germany
Pitten, Austria
United Kingdom
Denmark
Austria
Australia
Jake Gibson and Beverly Picardo
San Francisco, United States
Summary
Amount repaid
$406.00
Amount remaining
$0.00
Date repaid
Sep 15, 2017
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jan 13, 2017 | $12.03 | Jan 7, 2017 | $12.03 |
| Jan 20, 2017 | $2.41 | Jan 18, 2017 | $2.41 |
| Jan 27, 2017 | $2.41 | Jan 26, 2017 | $2.41 |
| Feb 3, 2017 | $2.41 | Feb 2, 2017 | $1.20 |
| Feb 6, 2017 | $1.20 | ||
| Feb 10, 2017 | $2.41 | Feb 9, 2017 | $1.20 |
| Feb 16, 2017 | $1.20 | ||
| Feb 17, 2017 | $2.41 | Feb 16, 2017 | $2.41 |
| Feb 24, 2017 | $2.41 | Feb 16, 2017 | $2.41 |
| Mar 3, 2017 | $2.41 | Feb 16, 2017 | $2.41 |
| Mar 10, 2017 | $2.41 | Feb 16, 2017 | $2.41 |
| Mar 17, 2017 | $0.48 | Mar 14, 2017 | $0.48 |
| Mar 24, 2017 | $2.41 | Mar 24, 2017 | $2.41 |
| Mar 31, 2017 | $2.41 | Mar 24, 2017 | $2.41 |
| Apr 7, 2017 | $12.03 | Apr 2, 2017 | $12.03 |
| Apr 14, 2017 | $1.20 | Apr 7, 2017 | $1.20 |
| Apr 21, 2017 | $0.00 | ||
| Apr 28, 2017 | $0.00 | ||
| May 5, 2017 | $0.48 | Apr 29, 2017 | $0.48 |
| May 12, 2017 | $0.48 | Apr 29, 2017 | $0.48 |
| May 19, 2017 | $0.48 | Apr 29, 2017 | $0.24 |
| May 20, 2017 | $0.24 | ||
| May 26, 2017 | $0.24 | May 20, 2017 | $0.24 |
| Jun 2, 2017 | $4.81 | May 30, 2017 | $4.81 |
| Jun 9, 2017 | $0.00 | ||
| Jun 16, 2017 | $3.61 | Jun 21, 2017 | $3.61 |
| Jun 23, 2017 | $3.61 | Jun 21, 2017 | $3.61 |
| Jun 30, 2017 | $24.07 | Jun 29, 2017 | $24.07 |
| Jul 7, 2017 | $4.81 | Jul 11, 2017 | $4.81 |
| Jul 14, 2017 | $4.81 | Jul 11, 2017 | $2.41 |
| Jul 24, 2017 | $2.41 | ||
| Jul 21, 2017 | $4.81 | Jul 24, 2017 | $4.81 |
| Jul 28, 2017 | $2.41 | Jul 29, 2017 | $2.41 |
| Aug 4, 2017 | $2.41 | Jul 29, 2017 | $2.41 |
| Aug 11, 2017 | $2.41 | Aug 8, 2017 | $2.41 |
| Aug 18, 2017 | $0.00 | ||
| Aug 25, 2017 | $0.48 | Aug 24, 2017 | $0.48 |
| Sep 1, 2017 | $0.48 | Aug 24, 2017 | $0.48 |
| Sep 8, 2017 | $0.48 | Sep 7, 2017 | $0.48 |
| Sep 15, 2017 | $0.48 | Sep 7, 2017 | $0.48 |
| Sep 22, 2017 | $0.48 | Sep 7, 2017 | $0.48 |
| Sep 29, 2017 | $0.48 | Sep 7, 2017 | $0.48 |
| Oct 6, 2017 | $0.24 | Sep 7, 2017 | $0.24 |
| Oct 13, 2017 | $24.07 | Sep 11, 2017 | $24.07 |
| Oct 20, 2017 | $24.07 | Sep 11, 2017 | $24.07 |
| Oct 27, 2017 | $24.07 | Sep 11, 2017 | $24.07 |
| Nov 3, 2017 | $24.07 | Sep 11, 2017 | $24.07 |
| Nov 10, 2017 | $24.07 | Sep 11, 2017 | $24.07 |
| Nov 17, 2017 | $24.07 | Sep 11, 2017 | $24.07 |
| Nov 24, 2017 | $24.07 | Sep 11, 2017 | $24.07 |
| Dec 1, 2017 | $24.07 | Sep 11, 2017 | $24.07 |
| Dec 8, 2017 | $24.07 | Sep 15, 2017 | $24.07 |
| Dec 15, 2017 | $24.07 | Sep 15, 2017 | $24.07 |
| Dec 22, 2017 | $24.07 | Sep 15, 2017 | $24.07 |
| Dec 29, 2017 | $24.07 | Sep 15, 2017 | $24.07 |
| Jan 5, 2018 | $4.81 | Sep 15, 2017 | $4.81 |
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